FIRST MERCHANTS CORP (FRME)
Financials · Regional banking · NASDAQ
A regional bank serving the Midwest through lending, deposits, and wealth management, with recent acquisitions expanding its scale and footprint.
What FIRST MERCHANTS CORP does
First Merchants Corporation is a bank holding company that operates First Merchants Bank, a wholly-owned subsidiary providing retail and commercial banking services, including loans, deposits, fiduciary services, and wealth management. The company serves customers across multiple states through a branch network, offering traditional banking products alongside card payment services, mortgage origination, and trust/investment services. Recent acquisitions (Level One Bancorp in 2022 and First Savings Financial Group in 2025) have expanded the company's asset base and geographic footprint significantly.
Themes: ["Regional banking / community finance"]
Fundamentals
- Price$42.54 as of 2026-07-09 close
- Market cap$2.7B as of 2026-07-10
- 1-year return+3.3% as of 2026-07-09 close
- P/E13.50 as of 2026-07-10
- Net margin+37.8% as of 2026-07-10
- ROE+8.0% as of 2026-07-10
- Debt / equity0.13 as of 2026-07-10
- Revenue growth (YoY)+61.8% as of 2026-07-10
- Beta0.87 as of 2026-07-10
Dividend: yield +3.5%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Allowance for credit losses may prove inadequate to cover actual loan losses due to inherent subjectivity in CECL model estimates and macroeconomic forecast assumptions."]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.